Simmons Bank Has $12.11 Million Position in Exxon Mobil Corporation $XOM

Simmons Bank cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,355 shares of the oil and gas company’s stock after selling 880 shares during the quarter. Exxon Mobil comprises 0.9% of Simmons Bank’s portfolio, making the stock its 25th biggest holding. Simmons Bank’s holdings in Exxon Mobil were worth $12,112,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Eagle Capital Management LLC grew its holdings in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Brucke Financial Inc. grew its holdings in Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Exxon Mobil by 19.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 203,114 shares of the oil and gas company’s stock valued at $24,156,000 after buying an additional 33,170 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in Exxon Mobil by 1.1% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 201,509 shares of the oil and gas company’s stock valued at $23,966,000 after buying an additional 2,123 shares in the last quarter. Finally, REDW Wealth LLC grew its holdings in Exxon Mobil by 3.5% in the 1st quarter. REDW Wealth LLC now owns 3,175 shares of the oil and gas company’s stock valued at $378,000 after buying an additional 106 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.09 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a market capitalization of $486.40 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.06 and a beta of 0.51. The firm’s 50 day simple moving average is $113.35 and its 200 day simple moving average is $110.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.6%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is currently 57.56%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on XOM shares. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Mizuho reduced their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Wells Fargo & Company initiated coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. Finally, UBS Group increased their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.